SteynTrade

JSE:SHP Shoprite Markdown Starting

做空
JSE:SHP   SHOPRITE HOLDINGS LTD
After breaking the distribution trading range (TR) we have seen a backup to the TR and now price is breaking lower. This looks like the start of the Phase E markdown. Increased volume on declines and decreased volume on attempts to rally indicates supply overcoming demand and large interests distributing the stock.

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